PoS works by people staking their coin. . no intense computation needing superior hardware
it creates no value. there is no 'cost' in mining. people can put their stake in. and later take it out. no loss
I see. Wow this makes a lot of sense. POS doesn't provide the inherent value that POW does. So coins like Cardano are solely regulated by supply and demand. it creates no value. there is no 'cost' in mining. people can put their stake in. and later take it out. no loss
But how does POS actually validate a transaction? Bitcoin miners have to solve the puzzle, but POS miners just have lots of the coin??
but the thing about PoS is if a coin was successful and everyone was using it. eventually the slicing up of the reward being split between everyone involved would leave everyone with nothing. thus majority lose interest
And this won't happen to bitcoin because the miners are controlling the value of the coin. makes sense.Welcome to the community, I suggest you read the following threads below regarding the PoW vs PoS arguments it's pros and cons:
Thanks for the links. Helped a lot 